Green Energy Group: Employee Share Incentive Program

Green Energy Group (SBX Plc) has a long-term incentive program key to attract and retain key employees. Awards under the program are expiring. The Board has decided to revise the old program in exchange for a new one under the same terms and a strike price of NOK 6,5 per share. The program becomes vested over a period of 3 years from the Grant date.

Allocations under the new program follow previous allocations under the old program with the exception of Mr Sveinung Alvestad, Director of M&A (new allocation) and Mr Steinar Hovland, VP Technical (increased allocation).

To this end, allocations under the program are as follows:

	No of shares owned	Options	Warrants
Ståle Rodahl, Executive Chairman	1,255,800	360,000	720,000
Gunnar Jansen, CEO	45,850	360,000
Finn Atle Hamre, COO	15,125	360,000
Steinar Hovland, VP Technical		360,000
Sveinung Alvestad, Director M&A	40,000	300,000

Contacts:

Ståle Rodahl

Executive Chairman

Ph: +47 4840 0593